Raymond James Boosts Stantec (TSE:STN) Price Target to C$130.00

Stantec (TSE:STN) (NYSE:STN) had its price objective increased by Raymond James from C$120.00 to C$130.00 in a report issued on Tuesday,BayStreet.CA reports. The brokerage currently has a “market perform” rating on the stock. Raymond James’ price objective would indicate a potential upside of 12.86% from the company’s previous close. Raymond James also issued estimates for Stantec’s Q4 2024 earnings at $0.95 EPS, FY2024 earnings at $4.31 EPS, Q2 2025 earnings at $1.26 EPS, Q4 2025 earnings at $1.19 EPS, FY2025 earnings at $4.92 EPS, Q1 2026 earnings at $1.23 EPS, Q2 2026 earnings at $1.50 EPS and FY2026 earnings at $5.85 EPS.

STN has been the subject of a number of other research reports. BMO Capital Markets lifted their price objective on shares of Stantec from C$135.00 to C$138.00 in a research report on Friday, December 6th. Canaccord Genuity Group increased their price objective on shares of Stantec from C$125.00 to C$135.00 in a research report on Monday, November 11th. Scotiabank raised shares of Stantec to a “strong-buy” rating in a report on Friday, October 25th. Stifel Nicolaus upped their price target on shares of Stantec from C$130.00 to C$145.00 in a research note on Friday, October 4th. Finally, CIBC lifted their price target on Stantec from C$121.50 to C$134.00 in a report on Friday, December 13th. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$130.50.

Stantec Stock Up 2.6 %

Shares of STN stock opened at C$115.19 on Tuesday. The company has a current ratio of 1.39, a quick ratio of 1.46 and a debt-to-equity ratio of 80.74. The firm’s fifty day moving average price is C$115.75 and its two-hundred day moving average price is C$114.19. The firm has a market capitalization of C$13.14 billion, a P/E ratio of 37.89, a PEG ratio of 1.46 and a beta of 0.82. Stantec has a 1 year low of C$103.48 and a 1 year high of C$123.92.

Stantec (TSE:STN) (NYSE:STN) last released its quarterly earnings data on Thursday, November 7th. The company reported C$1.30 EPS for the quarter, beating the consensus estimate of C$1.24 by C$0.06. Stantec had a return on equity of 12.91% and a net margin of 6.31%. During the same period in the prior year, the firm posted $1.14 earnings per share.

Insiders Place Their Bets

In related news, Director Vito Culmone purchased 3,000 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The shares were bought at an average cost of C$112.03 per share, with a total value of C$336,099.00. Corporate insiders own 0.27% of the company’s stock.

About Stantec

Stantec Inc provides professional services in the areas of infrastructure and facilities to the public and private sectors in Canada, the United States, and internationally. It offers evaluation, planning, and designing infrastructure solutions; solutions for sustainable water resources, planning, management, and infrastructure; environmental services; integrated architecture, engineering, interior design, and planning solutions for buildings; and energy and resources solutions.